Driven by increased adoption of digital solutions, and a heightened need for greater security, the company is betting on a public cloud market expected to become mainstream in the near future.

As reported by ARN, such predictions are nearing reality, with worldwide spending on public cloud services and infrastructure expected to reach $US122.5 billion in 2017, representing an increase of 24.4 per cent over 2016.

As enterprises across the world increase investment, overall public spending is expected to surge 21.5 per cent by 2020, nearly seven times the rate of overall IT spending growth.

In looking ahead to the long-term, Baynham said Data#3’s future is based on delivering sustained profit growth through growing services revenue with an increase in annuity, alongside boosting the company’s cloud capabilities.

“We are confident that we have the right strategy to underpin sustainable growth in long term shareholder returns,” Baynham added.

“Our first half performance and pipeline of opportunities provides a solid foundation to achieve our objective of improving on the company’s 2016 full year profit.”

Spanning cloud, mobility, consulting, data and analytics, IT lifecycle management and security, Data#3 owns three integration centres and three data centres, employing over 1100 staff in eight offices across the country.

“Data#3’s performance both in increased profit and continuing strong cash flow allowed the board to declare a 34 per cent increase in first half dividend to 3.35 cents per share,” Data#3 Chairman, Richard Anderson, added.

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Slideshows

Opening ice breaker sessions set the scene for EDGE 2017

​EDGE 2017 kicked off with an opening ice breaker session, providing a structured environment for channel executives to form and foster new relationships and business opportunities. Photos by Maria Stefina.​

ARN returns to Melbourne for second running of After Hours

Partners, vendors and distributors came together for the second running of After Hours in Melbourne, designed to further unite the Australian channel through a series of invite-only social events in Victoria. Photos by Raymond Korn.​

A bumper crowd of partners turned out in force for Synnex Alliance 2017 in Melbourne, uncovering the key channel strategies required to deliver on the potential of digital transformation in Australia. An evening of keynote speakers, panel discussions and technology exhibitions assessed the opportunities and challenges of digital at Melbourne Olympic Park, with Sydney next up on August 16. Photos by Raymond Korn.

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